Switcheo, a decentralized exchange offering markets across the Neo, Ethereum, and EOS blockchains, has announced its development roadmap for the fourth quarter of 2019. In the announcement, Switcheo looks back at its Ethereum smart contract upgrade and its referral program, and forward towards upcoming support for Bitcoin and potential development directions for the Switcheo Chain.
Switcheo’s standalone blockchain has also been a familiar development goal throughout the year. The Switcheo team released a video of an MVP, including footage of its a Switcheo Chain matching engine and block explorer, with plans for a “user preview” to be released in the future.
According to the team, Switcheo Chain has split into two main directions of development. The first is a continuation of its original course, with implementations focused on scaling and cross-chain trading. A second, separate branch will focus on a “custom decentralized oracle protocol,” which aims to ultimately allow for the trading of CFDs (contract for differences) and other financial derivatives on Switcheo Chain.
Separate whitepapers are planned for each of the two development branches of Switcheo Chain.
Switcheo also plans to add support for Bitcoin by providing withdrawal and deposit abilities, and offering a BTC/Wrapped BTC (WBTC) atomic swap. Wrapped Bitcoin, an Ethereum token that claims a 1:1 backing with Bitcoin, will, in turn, be used to offer Bitcoin-based trading pairs and atomic swaps using the Ethereum network.
Switcheo intends to be the “first trustless gateway for swapping WBTC to BTC and vice-versa.”
Finally, Switcheo expects external liquidity pools to go live on its exchange in November 2019, starting with the Ethereum-based projects Kyber Network and Uniswap.
Switcheo’s Exchange’s full Q3 2019 roadmap announcement can be viewed at the following link: https://medium.com/switcheo/switcheo-q4-2019-roadmap-61be443e5cd9
About The Author: Colin Closser
Colin Closser, M.D., was a speaker at the first NEO DevCon in San Francisco. A devoted contrarian, he has managed the improbable: a peaceful and healthy life, despite holding a medical degree. He aspires towards the wisdom of Michael Lewis and Nassim Nicholas Taleb.
More posts by Colin Closser